TaxStats for postcode 4700 FY2013

Postcode 4700 includes Allenstown, Depot Hill, Fairy Bower, Great Keppel Island, Port Curtis, Rockhampton, Rockhampton City, Rockhampton Hospital, The Keppels, The Range, Wandal, West Rockhampton in Queensland, and is in the federal electorate of Capricornia.

In FY 2013 the ATO recorded 9,720 individuals in postcode 4700. Of these people, 9,655 made a taxable income or loss. 8,145 of the population paid a gross amount of tax. After tax offsets, 7,550 people actually paid a net amount of tax. There were 2,105 non-taxable people who paid net tax of $0.

Compare TaxStats of 4700 with QLD

4700 TaxStats FY2013%Ppl#Ppl4700
Avg
4700
Total
Total Individuals100%9,720
Income
Salary or Wage 84%8,185$56,040$458,686,366
Gross Interest51%4,975$1,811$9,007,878
Unfranked Dividends10%1,020$563$573,802
Franked Dividends20%1,965$6,099$11,984,295
Dividend Franking Credit20%1,955$2,625$5,132,329
Capital Gains4%390$12,794$4,989,775
Termination Payouts3%285$11,167$3,182,638
Tips/Directors Fees etc19%1,880$2,088$3,925,626
Business Income7%700$40,932$28,652,152
Foreign Income6%545$844$460,184
Government payments8%785$5,132$4,028,674
Government pensions6%560$10,146$5,681,833
Total Income or Loss100%9,690$55,680$539,538,080
Deducations
Charitable Gifts36%3,485$356$1,239,928
Cost of Tax Affairs53%5,170$331$1,710,881
Work Car expenses19%1,880$2,283$4,291,357
Work Travel expenses7%675$1,979$1,336,123
Self Education expenses4%405$1,781$721,262
Total Deductions87%8,420$2,522$21,232,916
Taxation
Taxable Income99%9,655$53,502$516,558,218
Medicare Levy 74%7,210$1,057$7,617,785
Medicare Surcharge 2%185$1,258$232,689
Gross Tax 84%8,145$14,623$119,105,054
Net Tax 78%7,550$16,132$121,799,282
Average Tax 100%9,720 $12,531$121,799,282
Gross Tax Rate 84%8,145 27%$119,105,054
Net Tax Rate 78%7,550 30%$121,799,282
Average Tax Rate 100%9,720 23%$121,799,282
%PPL is rounded Percentage of total individuals used in the average (AVG).
#PPL is the number of individuals used to calculate the average (AVG).
*Tax Rates calculated from Taxable Income.
*Treat each stat/line item separately. Columns while related do not total due to different numbers of people used in each calculation.

The average taxable income was $53,502. It is estimated that the average taxable income for people who paid a net amount of tax was $65073.

The average net tax paid was $16,132. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 7,210 people for an average of $1,057. 185 people paid $1,258 on average more for the Medicare surcharge.

8,185 people earned a salary or wage and took home an average of $56,040 each.

Government allowance and payments were collected by 785 people for on average $5,132. 560 people received the pension or other allowance.

Charitable gifts and donations of an average of $356 were made by 3,485 people.

The costs of tax affairs for 5,170 people were claimed for $331 each.